SWEEP Operations Analyst - Iselin, NJ
About The Position
The SWEEP Operations Analyst leads client implementations and serves as a subject matter expert and advisor on sweep products and workflows within Deposit & Payment Operations. The role assesses operational feasibility, cross-functional dependencies, and material risk; determines sweep arrangements and operational flows that meet relationship requirements; resolves complex client-impacting exceptions; and recommends automation, workflow, and control improvements. The analyst also supports daily sweep processing, reconciliations, documentation, testing, stabilization, and team cross-training. The analyst works with Deposit Operations, Commercial Banking, Treasury Management, Finance, Technology, and vendor partners. The position also supports audits, risk assessments, procedure reviews, business-continuity exercises, and remediation activities, while maintaining operational documentation, control records, and management reporting. Work is performed in a normal office environment with usually moderate noise. Physical demands include prolonged sitting, lifting 5 to 10 pounds, and occasional bending or overhead lifting. Hazards are primarily those present in a normal office setting.
Requirements
- Bachelor’s degree in business, finance, accounting, operations, or a related field, or an equivalent combination of education and directly relevant experience.
- 3+ years of experience in deposit operations, payment operations, treasury operations, sweep operations, cash management, commercial banking operations, or a related function, including transaction processing and reconciliation.
- 3+ years of direct experience with commercial sweep products, automated transfers, zero-balance or target-balance structures, investment sweeps, loan sweeps, or similar cash-management services.
- Demonstrated experience supporting or leading client implementations, system or product conversions, post-conversion stabilization, and process-improvement initiatives.
- Working knowledge of banking operations, commercial sweep and cash-management products, exception management, transaction processing, reconciliations, and internal controls.
- Strong analytical, root-cause analysis, risk-judgment, problem-solving, and independent decision-making skills.
- Experience with FIS or comparable core, deposit, treasury, or payment platforms.
- Intermediate Microsoft Excel skills, including data validation, lookups, filters, pivot tables, and reconciliation support.
- Strong written and verbal communication skills and ability to collaborate with business, operations, technical, vendor, and management audiences.
- Consistent accuracy, attention to detail, sound prioritization, and a client-focused approach in a deadline-driven environment.
Responsibilities
- Lead new client implementations, product or system changes, testing, conversion activities, and post-implementation stabilization.
- Assess feasibility, cross-functional dependencies, and risk; determine appropriate sweep arrangements, product combinations, and operational flows.
- Support account setup validation, parameter maintenance, entitlement review, and related controls.
- Serve as a subject matter expert to Deposit Operations, Commercial Banking, Treasury Management, Finance, Technology, and vendor partners.
- Research and resolve complex exceptions, identify root causes and client impacts, and promptly communicate material issues, aged differences, and control failures.
- Analyze recurring breaks and manual interventions and recommend automation, workflow, data-quality, and control improvements.
- Support audits, risk assessments, procedure reviews, business-continuity exercises, and remediation activities.
- Execute, monitor, and validate daily sweep processing.
- Review system outputs, reports, and account activity for failed, incomplete, duplicate, out-of-balance, or unusual transactions.
- Complete daily and periodic reconciliations, investigate differences, maintain evidence, and escalate open items.
- Build and maintain procedures, desktop guides, checklists, calendars, escalation paths, and business-continuity instructions.
- Maintain control documentation, exception logs, reconciliation support, issue records, and management reporting.
- Cross-train team members.
Benefits
- Paid Time Off (PTO)
- Paid holidays
- Medical, Dental, and Vision Plans
- Flexible Spending Accounts (FSA)
- Health Savings Accounts (HSA)
- 401(k) Retirement Plan
- Disability Insurance
- Employee Assistance Program (EAP)
- Basic Life Insurance
- Tuition Disbursement program
- Loan Repayment program
- Voluntary Supplemental Life Insurance, Accident, Critical Illness, Hospital Indemnity, and Legal plans
- Incentive eligibility based on company, business, and/or individual goal achievement and performance
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
